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5. Claims Expenses shall be part of and not in addition to the Aggregate Limit of Liability shown <br /> in Item 3 of the Declarations, and shall reduce such Aggregate Limit of Liability. <br /> 6. If the Limit of Liability is exhausted by payment of Damages or Claims Expenses, the <br /> obligations of the Company under this Policy shall be completely fulfilled and extinguished. <br /> B. Retention <br /> 1. The liability of the Company shall apply only to that part of Damages and Claims Expenses <br /> which are excess of the Retention amount shown in Item 4 of the Declarations. Such <br /> Retention shall be borne uninsured by the Insureds and at their own risk. However, the <br /> Retention shall not apply to Claims Expenses in a Disciplinary Proceeding. <br /> 2. A single Retention amount shall apply to Damages and Claims Expenses arising from all <br /> Claims alleging Interrelated Wrongful Acts, <br /> VI. CONDITIONS <br /> A. Notice: <br /> 1, The Insured shall, as a condition precedent to their rights under this Policy, give to the <br /> Company written notice of any Claim as soon as practicable, but in no event later than 30 <br /> days after: (i) the end of the Policy Period, or (li) with respect to Claims first made during any <br /> applicable Automatic or Optional Extended Reporting Period, the end of such Automatic or <br /> Optional Extended Reporting Period. <br /> 2. If, during the Policy Period, any Insured becomes aware of any specific Wrongful Act which <br /> may reasonably give rise to a future Claim covered under this Policy, and if the Insureds give <br /> written notice to the Company during the Policy Period, the Automatic Extended Reporting <br /> Period, or, if elected, the Optional Extended Reporting Period of: <br /> a. the identity of the potential claimants; <br /> b. a description of the anticipated Wrongful Act allegations; <br /> c. the identity of the Insureds allegedly involved; <br /> d. the circumstances by which the Insureds first became aware of the Wrongful Act; <br /> e. the consequences which have resulted or may result; and <br /> f. the potential monetary damages; <br /> then any Claim which arises out of such Wrongful Act shall be deemed to have been first <br /> made at the time such written notice was received by the Company. No coverage is provided <br /> for fees, expenses and other costs incurred prior to the time such Wrongful Act results in a <br /> Claim. <br /> 3. All notices under any provision of this Policy shall be in writing and given by prepaid express <br /> courier, certified mail or facsimile transmission properly addressed to the appropriate party, <br /> Notice to the Insureds may be given to the Named Insured at the address shown in Item 1 of <br /> the Declarations. Notice to the Company of any Claim or Wrongful Act shall be given to the <br /> Company at the address set forth in Item 8A of the Declarations. All other notices to the <br /> Company under this Policy shall be given to the Company at the address set forth in Item 813 <br /> of the Declarations. Notice given as described above shall be deemed to be received and <br /> effective upon actual receipt thereof by the addressee, or one day following the date such <br /> notice is sent, whichever is earlier. <br /> B. Assistance and Cooperation <br /> PF-18874(02/06) Page 7 of 10 <br />